Market opening at 9:55 AM, Nifty 50 still trading around lower circuit, my eyes on resistance at 23700, let’s see if it breaks through or bounces off EMA.

Nifty 50 hit target 23622.90

Market just closed, guys. Nifty 50 up 1.99% today, feeling a bit relieved after morning jitters 😬.

Just reviewed today’s close and Pulse of the Street is right, Friday’s surge indeed ended the volatile week in green. Nifty 50 touched its upper circuit for the day, not surprising given the buying spree in IT stocks. Still observing support levels around 23,500, RSI at 60, MACD looking bullish but need to see a sustained trend.

Morning trading is looking decent. RBI’s recent stance on inflation has market stabilizing.

Sensex up a lakh in two days, Nifty 50 breaking above 23,350 – clearly some good buying going on, but we need to see sustained movement before getting too excited. Defence stocks rallying amid that US-Iran peace deal buzz is a big positive, Paras Defence up 4.5% alone.

Rally already underway, need to get in.